Smart Windows - Global Market Outlook (2015-2022)

According to Stratistics MRC, the Global Smart Windows market is expected to grow at a CAGR of 18.7% during the forecast period 2015 to 2022. Growing construction across the globe, expansion in automotive industry and shifting demand from passive to active smart glass are some of the key factors driving the market. The government regulations regarding energy efficient cooling, heating and lighting solutions in buildings and cars are also favouring the market growth. However, the high costs involved in manufacturing of glass in smart windows are hindering the market.

Design trends in automotive and architectural segments are showing subsequent growth in market. Whereas, in residential segment the growing trend of energy efficient buildings is driving the market. The demand for smart glass is expected to grow significantly and gain importance across various domains in Asia pacific region, mainly driven by the massive use of energy efficient smart window solutions in China.

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